Anaplan vs Oracle HFM comparison

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Anaplan Logo
5,996 views|2,624 comparisons
95% willing to recommend
Oracle Logo
2,161 views|1,505 comparisons
100% willing to recommend
Comparison Buyer's Guide
Executive Summary

We performed a comparison between Anaplan and Oracle HFM based on real PeerSpot user reviews.

Find out in this report how the two Business Performance Management solutions compare in terms of features, pricing, service and support, easy of deployment, and ROI.
To learn more, read our detailed Anaplan vs. Oracle HFM Report (Updated: March 2024).
768,740 professionals have used our research since 2012.
Featured Review
Quotes From Members
We asked business professionals to review the solutions they use.
Here are some excerpts of what they said:
Pros
"Anaplan integrates well into my clients' core systems. The ability to aggregate the forms within the dashboarding is also useful. Only one of my clients has implemented workflow. Their usage has been very light. Dashboarding capability is probably the biggest one. My clients like having the ability to aggregate, slice and dice, and dynamically adjust things in the dashboards.""The most valuable feature of Anaplan is machine learning. The solution is constantly evolving from feedback. Additionally, there is a wide range of training material online.""The solution works very well for budgeting.""I am impressed with the tool’s real-time calculations and intuitive interface. The tool’s user interface is the best compared to other software that I have worked with. I also find the tool’s management reporting feature valuable.""This product has a very good modeling feature, and its graphical representation of visualizations has also been valuable.""It's highly flexible. If you've got a complex environment with complex calculations, you can build that out. So that's a really good positive.""I believe Anaplan is a new cloud tool, and from time to time, there's a lot of improvement that the Anaplan company deploys with the system. So, with that improvement, we need to really adapt and know the new system trends.""It's simple to use with a lot of functions."

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"It is a very user-friendly software.""You can bring in data from any source and from multiple sources, and you can consolidate that data in HFM.""The most valuable feature is the flexibility and ease of configuration in terms of testing and formula creation.""The tool is stable.""The most valuable features are around consolidations, eliminations, conversions.""Stability-wise, I rate the solution a ten out of ten.""Financial consolidation and reporting tool with good built-in features such as currency exchange and elimination."

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Cons
"The solution can improve by providing an easier form of integration to different platforms, such as receiving data from different Salesforce. There is a process to do it through the use of some APIs but it could be made much easier. This would be a large help to us.""It would be nice if the solution offered better extensions.""Anaplan is a relatively expensive piece of software.""The solution could improve by better dashboards and while entering the form loss and project implementation the ability to use graphical shapes more effectively.""When there is a lot of data, it sometimes takes long to load.""Automation needs to be built into this solution.""There are so many business rules to set up in the system that as a business user it's hard to gauge what they're doing and it's possible to get lost.""The cloud engine slows down when working with a large dataset. It still lacks a powerful engine."

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"The complexity is okay. I don't see it as super complex. The solution could have more functionality to make it a little bit more flexible.""Integration is an area where it lacks and can be improved.""It's a difficult process to try to edit, configure, or change the business rules that exist and work within HFM.""The solution has integration challenges. We need a simple tool that is fool-proof for the data that is submitted not only for consolidation purposes but also for performance management and reporting purposes.""The intercompany reporting function in this tool needs improvement, particularly being able to run reports in batches, rather than one at a time.""In terms of improvement, one challenge with Oracle HFM is the need for technical knowledge in writing SQL syntax for custom extensions.""If there could be data integration between HFM and the accounting software that would be ideal."

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Pricing and Cost Advice
  • "We are currently using a free workspace license for 90 days. We are satisfied with the price of the solution. There are additional costs if you want more storage, the default limit is 250 GB."
  • "The entry-level is anywhere from about $30,000 to $50,000 a year, however, it does go up significantly after that depending on the complexity and how much space you're using."
  • "This is a yearly subscription. So a customer initially buys a workspace and specifies how much GB they want. The minimum starts at around 30 GB. You can buy multiple workspaces."
  • "The license is a yearly subscription. There are three licensing tiers: the model builder, planner, and the reporting."
  • "This is an expensive product and if the price were reduced then it would attract more customers."
  • "The cost of Anaplan is a challenge for clients, especially if they don't have an ongoing long-term use case for it. It's a $50,000 licensing fee just to get started. Clients need a strong business case to switch from Excel to Anaplan. But if clients have used something similar in the past, such as Hyperion or other solutions, that's not a factor because they know what to expect."
  • "Anaplan is a bit pricier compared to its competitors - the license costs about $4,000 per user annually."
  • "A value-for-money product and a very reasonable price compared to competitors like SAP or IBM."
  • More Anaplan Pricing and Cost Advice →

  • "Oracle Hyperion Financial Management (HFM) uses the named user licensing model. There's different pricing depending on HFM and Essbase planning."
  • More Oracle HFM Pricing and Cost Advice →

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    Questions from the Community
    Top Answer:Anaplan is an industry-leading cloud-based corporate performance management (CPM) platform that combines business planning and analytics in a single solution. It is designed to assist organizations of… more »
    Top Answer:We've had several FP&A departments include Anaplan in their analytics discussions, and while BI information IS generated, the focus is generally on compiling input from various sources and… more »
    Top Answer:There are different aspects of both Anaplan and SAP ERP that I like and dislike. Anaplan improves forecast accuracy and drives up the quality of analytics. Rather than spending all of their time… more »
    Top Answer:The most valuable feature is the flexibility and ease of configuration in terms of testing and formula creation.
    Top Answer:In terms of improvement, one challenge with Oracle HFM is the need for technical knowledge in writing SQL syntax for custom extensions. Also, the transition from on-premises to the cloud can be… more »
    Ranking
    Views
    5,996
    Comparisons
    2,624
    Reviews
    6
    Average Words per Review
    357
    Rating
    7.8
    Views
    2,161
    Comparisons
    1,505
    Reviews
    4
    Average Words per Review
    431
    Rating
    8.0
    Comparisons
    SAP ERP logo
    Compared 32% of the time.
    Oracle Hyperion logo
    Compared 8% of the time.
    SAP S/4HANA logo
    Compared 8% of the time.
    IBM Planning Analytics logo
    Compared 7% of the time.
    CCH Tagetik logo
    Compared 2% of the time.
    Also Known As
    HFM
    Learn More
    Overview

    Anaplan is a cloud-based planning and performance management platform with documented use cases in finance, sales, supply chain, marketing, IT and HR. At the core of Anaplan's technology is a single hub where business users can build, deploy, maintain, and share models without coding or reliance on IT personnel.

    With Anaplan You Can:

    • Accelerate revenue growth
    • Convert data into market opportunity
    • Drive higher sales performance
    • Gain market share
    • Improve customer satisfaction
    • See edge-to-edge across your company
    • Achieve business and technology goals
    • Become agile and resilient with continuous models and forecasts

    The Anaplan Platform Is:

    • Flexible
    • Scalable
    • Collaborative
    • Secure
    • Multi-dimensional
    • Built to help businesses think ahead and rapidly adapt to change

    Anaplan Benefits:

    • Illuminate blind spots and hidden opportunities.
    • Easily create a shareable, living representation of how your business actually works.
    • Dynamic planning allows you to continuously adapt to market changes and other changing circumstances effectively.
    • Information is always readily available and can be easily shared with all teams across your enterprise.
    • Anaplan provides intelligent decision-making. The platform gives you all the information you need to make business decisions and also gives you the ability to run several “what if” scenarios to determine which decision is best based on a large range of variables - at record speed, instead of it taking days or weeks to complete.
    • By using Anaplan, you can adapt to changes very quickly. You can consider all of the possible options before responding in real time.
    • Anaplan can be used remotely from wherever you are.
    • Anaplan will help your organization stay focused and on target. You can stay in control with the ability to run scenario calculations quickly and use the information to make adjustments as needed.
    • Anaplan provides accurate, real-time data so you don’t have to worry about the risk of bad data. In turn, this boosts shareholder confidence because Anaplan’s platform mitigates the risks associated with incorrect data.
    • Anaplan’s Connected Planning helps you meet regulatory requirements. All the relevant business data is held in one place, therefore making adjustments easier to implement quickly. With Connected Planning, results also have a full audit trail.

    Anaplan Features:

    • Hyperscale computing: Anaplan eliminates the “messy middle” caused by out-of-date, siloed signals.
    • Integrated and dynamic signal set: This feature incorporates internal and external factors, relationships, and market context across functions which can all be seamlessly integrated.
    • Responsive unified system: Anaplan’s high-fidelity, responsive, and unified system for execution and accountability is reliable, accurate, and traceable.
    • Real-time insights: Detect signals hidden in your systems and gain insight into every asset, resource, risk, and change to help provide decision clarity.
    • Unlimited multi-dimensional scenarios: Anaplan helps your organization run unlimited multi-dimensional scenarios to identify ideal plans of action.
    • Synchronization: Using Anaplan, you can synchronize execution and readiness. Anaplan enables autonomous and coordinated in-market action by connecting headquarters to your most remote outposts.

    Reviews from Real Users:

    "Anaplan's in-memory calculation engine is super-fast compared to the old tools we previously used. You enter the data and everything shows up in one go.” - Sandeep A., Lead Analyst at a retailer

    "This product has a very good modeling feature, and its graphical representation of visualizations has also been valuable.” - Raghavendra K., Lead Consultant at a tech services company

    "Anaplan is a three-dimensional cloud platform that is good for analyzing data, visualization, integration, terrific for visibility.” - Anaplan model builder at a tech services company

    Oracle Hyperion Financial Management is a financial consolidation and reporting application built with advanced Web technology. It provides financial managers the ability to rapidly consolidate and report financial results, meet global regulatory requirements, reduce the cost of compliance and deliver confidence in the numbers.
    Sample Customers
    HP, ForeScout, DocuSign, EAT, Pandora, Aviva, Intel Security, Zalora
    B&B Hotels, Goldwind, Drake & Scull
    Top Industries
    VISITORS READING REVIEWS
    Educational Organization25%
    Computer Software Company11%
    Financial Services Firm8%
    Manufacturing Company8%
    REVIEWERS
    Construction Company22%
    Manufacturing Company22%
    Financial Services Firm11%
    Non Tech Company11%
    VISITORS READING REVIEWS
    Computer Software Company13%
    Manufacturing Company11%
    Financial Services Firm10%
    Healthcare Company5%
    Company Size
    REVIEWERS
    Small Business43%
    Midsize Enterprise14%
    Large Enterprise43%
    VISITORS READING REVIEWS
    Small Business18%
    Midsize Enterprise31%
    Large Enterprise52%
    REVIEWERS
    Small Business15%
    Midsize Enterprise15%
    Large Enterprise69%
    VISITORS READING REVIEWS
    Small Business22%
    Midsize Enterprise12%
    Large Enterprise66%
    Buyer's Guide
    Anaplan vs. Oracle HFM
    March 2024
    Find out what your peers are saying about Anaplan vs. Oracle HFM and other solutions. Updated: March 2024.
    768,740 professionals have used our research since 2012.

    Anaplan is ranked 1st in Business Performance Management with 24 reviews while Oracle HFM is ranked 7th in Business Performance Management with 14 reviews. Anaplan is rated 8.0, while Oracle HFM is rated 8.0. The top reviewer of Anaplan writes "Great for large-scale modelling, easy to learn, and very stable". On the other hand, the top reviewer of Oracle HFM writes "Offers flexibility and ease of configuration". Anaplan is most compared with SAP ERP, Oracle Hyperion, SAP S/4HANA, IBM Planning Analytics and CCH Tagetik, whereas Oracle HFM is most compared with Oracle Planning and Budgeting Cloud, Oracle Hyperion, OneStream XF, CCH Tagetik and IBM Cognos. See our Anaplan vs. Oracle HFM report.

    See our list of best Business Performance Management vendors.

    We monitor all Business Performance Management reviews to prevent fraudulent reviews and keep review quality high. We do not post reviews by company employees or direct competitors. We validate each review for authenticity via cross-reference with LinkedIn, and personal follow-up with the reviewer when necessary.